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Mexican Peso Edges Lower Amid Economic Data Anticipation
Mexican Peso Edges Lower Amid Economic Data Anticipation
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The Mexican peso dipped marginally against the US dollar, settling at 19.5784 as markets braced for a week of critical economic indicators. Mexico’s GDP figures and unemployment data will test the currency’s resilience despite recent strength.
Global risk sentiment remains fragile with the US Dollar Index falling 0.53%, reflecting ongoing US-China trade tensions. market participants are scrutinizing potential recession signals in emerging markets, even as local Mexican data shows pockets of strength.
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